Choosing Single Travel Insurance or Annual Travel Insurance?

By | July 14, 2017

annual travel insuranceGetting annual travel insurance cover for a trip you’re about to undertake can often be a confusing issue, with many companies offering a wide range of different types of insurance. It can be incredibly difficult to know what to look for and very tempting to go with the cheapest as many people see insurance as an additional cost they could really do without. The first thing that anyone should consider has to be whether they want to be covered for a single trip or multiple trips. This obviously depends on the number of times you plan to go abroad during the same year. Frequent travelers may find the multiple trip deals offer better value, but only if acquired from the correct company that offers reasonable compensation for the possible situations you could end up in.

When looking for cheap travel insurance Singapore, we’re lucky that our nation does actually have a number of reputable companies who do give value for money rather than just professing to be the cheapest. Staying away from companies that offer seemingly unbelievable deals is probably a good move. Also, it’s a good idea to stay away from insurance companies that are linked to the budget airline you’ve booked with. A lot of airlines just see insurance as an opportunity to bump up the fee you’re paying to them, bringing it back in line with other airlines so it ends up not being ‘budget’ at all. In addition to this, the majority of the time the cover offered by them is often minimal. An independent company that offers insurance separately is usually a better move, but always make sure you check out what the insurance actually covers rather than just assuming that you know already what you’ll be entitled to.

There are literally hundreds of different insurance companies that offer policies for travelers, but many of them probably won’t meet all of your own needs and requirements. Before you begin to compare travel insurance companies, you’ll need to make a list of everything that you’ll need. Where do you plan on going? What type of airline will you be flying with? What type of activities will you be doing at your destination? Will you be doing any potentially dangerous activities, such as scuba diving or rock climbing? Some travel insurance companies won’t cover you for doing such activities, so if you plan on doing them, make sure you check on that particular reference as you compare travel insurance companies.

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